MeitY

India’s Financial Intelligence Unit (FIU-Ind) has issued show-cause notices to nine offshore virtual digital assets service providers, including Binance, Bitfinex, MEXC Global and Kraken, for non-compliance under the provisions of the Prevention of Money Laundering Act (PMLA).The anti-money laundering authority has written to the secretary of the Ministry of Electronics and Information Technology to block the links of the said entities that are operating illegally without complying with the provisions of the PMLA, the…

In what may turn into a massive blow for cryptocurrency sector in India, Centre's Financial Intelligence Unit (FIU), which is under the Finance Ministry, has issued show cause notices to as many as 9 offshore cryptocurrency and virtual digital assets platforms, including Binance and Kucoin. The notifications were issued for non-compliance with anti-money laundering law.Not just the notices, FIU has even taken the next step by writing to the Ministry of Electronics and Information Technology (MeiTY) to block the URLs of…

New Delhi: The electronics and information technology ministry (Meity) has asked tech companies in India…

Today, December 19, has turned out to be an important day for artificial intelligence, especially for India. The government has announced that it has commenced the process of formulating regulations on AI to foster development, protection, and innovation in this space. In other news, IBM has revealed its plans to acquire StreamSets and webMethods platforms of Software AG for a total of 2.3 billion dollars in a bid to improve its own AI offerings. This and more in today's AI roundup. Let us take a closer look.Indian…

Use of Indian languages in programming for artificial intelligence (AI) will bring down biases in the next generation of technology using only limited or specific languages, a senior government official said on Monday. Speaking at a FICCI event, ministry of electronics and IT secretary S Krishnan said when foundational models for AI around languages are developed for adoption at scale in India, it will provide leadership opportunities for the country. Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

An Apple cyber security team has met watchdog CERT-In to discuss the issue of warning notifications sent to some opposition leaders, a senior government official said on Thursday.Last month, several opposition leaders claimed they received an alert from Apple warning them of "state-sponsored attackers trying to remotely compromise" their iPhones and alleged hacking by the government. Minister of State for Electronics and Information Technology (Meity) Rajeev Chandrasekhar had said that Apple has to reply to the notice…

An Apple cyber security team has met watchdog CERT-In to discuss the issue of warning notifications sent to some opposition leaders, a senior government official said on Thursday. Last month, several opposition leaders claimed they received an alert from Apple warning them of "state-sponsored attackers trying to remotely compromise" their iPhones and alleged hacking by the government. Minister of State for Electronics and Information Technology (Meity) Rajeev Chandrasekhar had said that Apple has to reply to the notice…

Actor Alia Bhatt was the recent public figure to have her deepfake video go viral on social media platforms. Earlier, Rashmika Mandanna and even Prime Minister Narendra Modi were subjected to such videos, pointing towards the rising menace of deepfake videos. So, what is the govt doing to tackle deepfakes? What can you do if you find a deepfake of yours on the internet today? Let's find out Actor Alia Bhatt was the recent public figure to have her deepfake video go viral on social media platforms. Earlier, Rashmika…

Earlier this month, at least nine political leaders from opposition parties received a shocking alert on their iPhones warning them of "state-sponsored attackers trying to remotely compromise” their device. It raised an alarm among leaders as they posted screenshots of the alerts on their X accounts, seeking clarification for the same. Eventually, nothing came of the iPhone threat notifications, and the Indian Computer Emergency Response Team or CERT-in, under the department of MeitY (Ministry of Electronics and…

The group of ministers (GoM) formed to deliberate on issues related to regulating online gaming is likely to hold its first meeting on December 15, said people with knowledge of the matter.While the GoM has conducted “a couple of informal meetings” so far, the first official meeting is likely to set the tone for the process of regulating online gaming, with a specific focus on how to effectively tax the sector and avoid “any illegal gambling or betting, especially from off-shore players”, said one of the persons, who did…